Perennial Investment Advisors LLC increased its position in ASML Holding (NASDAQ:ASML – Get Rating) by 74.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the semiconductor company’s stock after purchasing an additional 275 shares during the quarter. Perennial Investment Advisors LLC’s holdings in ASML were worth $431,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in ASML by 7.8% in the fourth quarter. LPL Financial LLC now owns 44,876 shares of the semiconductor company’s stock worth $35,733,000 after purchasing an additional 3,264 shares during the period. Gateway Investment Advisers LLC increased its position in ASML by 49.7% in the first quarter. Gateway Investment Advisers LLC now owns 452 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 150 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in ASML by 65.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 13,399 shares of the semiconductor company’s stock worth $10,668,000 after purchasing an additional 5,318 shares during the period. Optimum Investment Advisors acquired a new stake in ASML in the first quarter worth about $184,000. Finally, Salem Investment Counselors Inc. increased its position in ASML by 6,255.6% in the fourth quarter. Salem Investment Counselors Inc. now owns 572 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 563 shares during the period. 25.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ASML shares. Deutsche Bank Aktiengesellschaft boosted their target price on ASML from €475.00 ($489.69) to €525.00 ($541.24) and gave the stock a “hold” rating in a research report on Thursday, July 21st. Credit Suisse Group decreased their target price on ASML from €960.00 ($989.69) to €920.00 ($948.45) and set an “outperform” rating for the company in a research report on Thursday, July 21st. Argus started coverage on ASML in a research report on Wednesday, June 29th. They set a “buy” rating and a $590.00 target price for the company. JPMorgan Chase & Co. decreased their target price on ASML from $925.00 to $794.00 in a research report on Thursday, July 21st. Finally, Societe Generale decreased their target price on ASML from €800.00 ($824.74) to €710.00 ($731.96) and set a “buy” rating for the company in a research report on Monday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $747.91.
ASML Trading Down 1.9 %
ASML Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be paid a $1.3991 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 4th. ASML’s payout ratio is 13.69%.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.
- Get a free copy of the StockNews.com research report on ASML (ASML)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.